Hero MotoCorp is expected to report a steady performance for Q3FY25, with revenue growth driven by higher average selling prices (ASPs) rather than volume growth, analysts said
In January 2025, the company recorded sales of 397,623 units, a 17% increase compared to January 2024. The two-wheeler segment saw a strong 18% growth, with domestic 2W sales up 10%
The sharp rise in Eicher Motors share price was fuelled by healthy auto sales data in January, coupled with robust outlook, analysts said
TVS Motor reported a 4.2 per cent Y-o-Y increase in standalone net profit at Rs 618.5 crore, as against Rs 593.4 crore in Q3FY24.
On the bourses, Bajaj Auto shares settled 0.28 per cent lower at Rs 8380.35. In comparison, BSE Sensex closed 1.08 per cent lower at 75,366.17, on January 27, 2025
Analysts are optimistic about major revenue growth for Bajaj Auto, driven by robust volume increases and effective pricing strategies.
The two-wheeler numbers will need to be monitored closely since low momentum would trigger downgrades for stocks that have moved up in anticipation of outperformance
The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.
OEMs may post 9-10% revenue growth for June quarter
Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)
According to the Centre, 734,760 EV two-wheelers have been registered so far in the financial year 2023-2024 period (FY24), nearly 6,400 more units compared to FY23
Pune-based Bajaj Auto said that it recorded a 26 per cent jump in two-wheeler (2Ws) domestic sales (Y-o-Y) in December at 158,370 units
The domestic sales for all vehicles in India were up 20% to 2,314,197 units in October this year as compared to 1,923,721 units last year
The partnership will ensure smooth operations and minimal downtime for vehicles, along with improving the customer experience
2W exports were also down 16% YoY which came down from 150,670 in July 2022 to 126,850 in July 2023
Global inflation, weakening economies/currencies in key export markets seen as reasons
Motorcycle sales dipped by 6.7% to 124,705 units in Dec 2022; iQube electric sales provide silver lining, rise 10-fold YoY
The supply chain for electric two-wheelers (E2Ws) is coming into shape but still not ready, argues the industry association SMEV
Some of the uptick is also attributable to the marriage season which usually perks up the volumes in the northern part of the country
October likely to be good, too, amid the festival season